High income Child Benefit Charge

16. What assessment he has made of the impact of raising the high income child benefit charge threshold on household incomes.

The high income child benefit charge threshold was raised to £60,000 on 6 April 2024. The point at which child benefit is fully withdrawn was also increased to £80,000, and the Government estimate that that will take 170,000 families out of paying the charge in 2024-25. The Government also plan to administer HICBC on a household rather than an individual basis by April 2026.

I have been contacted by many South Derbyshire parents who are caught in this unfair situation. Can the Minister be even more precise about the savings that this will now mean for my affected constituents?

I thank my hon. Friend for her comments and continual interest in this area. The changes to the high income child benefit charge mean that almost half a million hard-working families will gain an average of £1,260 towards the cost of raising their children in 2024-25. She will recognise that that is a meaningful difference for her constituents, and for those across the country.